Frontline Holdings acquires Fort Worth multifamily asset
JLL Capital Markets secures acquisition financing
FORT WORTH, December 13, 2018 – JLL Capital Markets announced today that they successfully secured the acquisition financing for Vieux Coulee Apartments. The 264-unit multifamily property, located at 3301 River Park Lane in Fort Worth, was acquired by Frontline Holdings. Bridge Investment Group provided the financing.
JLL Managing Director Mark Brandenburg and Vice President David Godvin secured the acquisition financing on behalf of Frontline Holdings.
“Vieux Coulee Apartments delivers an exciting residential option with top quality amenities, onsite and nearby, for residents to enjoy,” said Godvin. “This is an exciting opportunity for Frontline Holdings and exemplifies the region’s continued growth and interest in multifamily product.”
The 1984 built, 189,048-square-foot community boasts onsite amenities such as a fitness center, pool, business center, dog park, clubhouse and direct access to the trinity trail system. The multifamily property is less than three miles away from The Shops at Clearfork.
“Over the past several years, Fort Worth has seen rapid growth with new retail, restaurants and entertainment options opening to serve the influx of new residents and young professionals coming to the area,” said Brandenburg. “This continues to fuel investor demand and opportunities here and across the region. We’re thrilled to play a role in assisting with the acquisition.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm’s 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com